What is Bitcoin Worth and Future | Bitcoin is a Blockchain-based decentralized cryptocurrency, which is independent and has no control of any central authority.
No one can predict the future of Bitcoin (BTC) but if you are willing to invest in Bitcoin then this guide on Is it worth to buy Bitcoin? can help you to identify the potential outcomes for Bitcoin.
At this moment what we can do is can trace the price movement of Bitcoin which will give you an idea, what is Bitcoin Worth and what it was earlier?
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By the end of 2017, it was the golden era of Cryptocurrency when all cryptocurrencies were flying and their prices were skyrocketing.
People were investing a lot like this is the only thing left in the world, maybe you are one of them.
As per the CoinMarketCap, there is around 2000+ cryptocurrency currently traded in the market.
But the Price of Bitcoin touched its all-time high of $20,000 from its $300 in just a couple of months, no one has experienced such growth ever before.
This is the image, I have taken from coinmarketcap, which shows the massive movement of Bitcoin price between 2016-2019.
In 2017 the total worth of the Crypto market was around $800 Billion and Bitcoin acquired the most of the market with a total worth of $320 Billion.
In this crazy movement, every single people was aspiring to grab Bitcoin as much as possible.
But then soon after we have seen the massive crash in Bitcoin price from $20,000 to $300.
At present in Dec 2020, Bitcoin is hanging around $7,000-8,000 which also touched $13000 back in Jun 2019.
Which means no one can deny the potential of Bitcoin but I advise you to go through the detailed guide on Is it worth to buy Bitcoin?
But do you know who created Bitcoin?
Bitcoin is a Blockchain-based decentralized cryptocurrency introduced by Satoshi Nakamoto back in the year 2009 and it got tremendous popularity in the year 2017.
Still, no one is sure who is Satoshi Nakamoto, he may be an individual person or a group of people and expert claims that Satoshi owns more than 1 million BTC or even more.
The main idea behind the invention of Bitcoin was to replace all third-party mediators and make the financial system quick and fully independent.
Still, the future of Bitcoin is uncertain due to country-wise regulations.
So is this the end of Bitcoin? no, my friend, it is just beginning,
I will tell you every single bit on what is Bitcoin, and how you can make money from Bitcoin, which will help you to understand the future of Bitcoin.
Is Bitcoin Future Safe?
Till now, we have learned what is Bitcoin, but to understand its future we need to focus on what is Currency?
Currency is something which accepted by people and currently 49 million Blockchain wallets that mean a huge majority of people are still having belief in Cryptocurrency and accepting this to trade.
If these many people have a belief then you can consider this a bright future. Because what you want is value for a piece which you are holding, it does not matter whether it is a piece of paper of gold mine.
Binance cryptocurrency exchange has a daily trading volume of more than $1.5 Billion and Coinbase the largest exchange has recorded a total worth of $8 Billion.
At present (Dec 2019), the Bitcoin market capitalization is around $132 Billion which was back in year 2017 was close to $360 billion which means it has the potential to grow.
yes, it is not widely accepted by any central authority because it becomes the most powerful asset for a dark web market where people are using Bitcoin to hide their black money and doing anonymous transactions.
But if we ignore those people then this seems like a new face of currency and going to be Boom in the near future.